a reward or punishment that encourges people to behave in a certain way is called a(n)\nwant.\nprice…

a reward or punishment that encourges people to behave in a certain way is called a(n)\nwant.\nprice ceiling.\nequilibrium price.\nincentive.

a reward or punishment that encourges people to behave in a certain way is called a(n)\nwant.\nprice ceiling.\nequilibrium price.\nincentive.

Answer

Answer:

D. incentive

Brief Explanations:

An incentive is a reward or punishment that motivates people to act in a particular way. A want is a desire for a good or service. A price - ceiling is a legal maximum price. An equilibrium price is the price at which quantity demanded equals quantity supplied.